South Africa’s economy presented a complex picture in 2024. Household wealth increased, yet external debt grew. This contrast highlighted the nation’s economic challenges and opportunities. The second quarter of 2024 saw a rise in household net wealth. The FTSE/JSE All-Share Index climbed by 6.9%. This boost in stock values outweighed a decline in housing prices. […]
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Paraguay’s president-elect asks Brazil to grant access to historical war documents
Incoming Paraguayan President Santiago Peña expressed his desire for Brazil to grant access to its records pertaining to the historical conflict between the two countries. He also expressed interest in repatriating Paraguayan military artifacts currently housed in various Brazilian museums, as Folha de S.Paulo newspaper reported. Peña, an economist who has previously served at the […]
Dollar Defies Downturn Predictions, Rises Against Global Currencies
(Analysis) The U.S. dollar’s rise has impacted the global economy, causing central banks from Tokyo to Istanbul to defend their currencies. This pushback comes as the robust U.S. economy props up the dollar, dampening hopes for U.S. interest rate cuts. Despite predictions of its decline, the dollar has strengthened against most major currencies this year. […]